NYSE:VNCE

Stock Analysis Report

Executive Summary

Vince Holding Corp. designs, merchandises, and sells luxury apparel and accessories in the United States and internationally.


Snowflake Analysis

Mediocre balance sheet with limited growth.


Similar Companies

Share Price & News

How has Vince Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VNCE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.3%

VNCE

-0.2%

US Luxury

0.06%

US Market


1 Year Return

4.8%

VNCE

12.0%

US Luxury

19.3%

US Market

Return vs Industry: VNCE underperformed the US Luxury industry which returned 12% over the past year.

Return vs Market: VNCE underperformed the US Market which returned 19.3% over the past year.


Shareholder returns

VNCEIndustryMarket
7 Day0.3%-0.2%0.06%
30 Day-7.8%-3.0%1.7%
90 Day-33.4%6.8%9.0%
1 Year4.8%4.8%14.3%12.0%21.8%19.3%
3 Year-25.1%-25.1%67.4%59.8%49.5%39.9%
5 Year-93.6%-93.6%50.4%40.3%73.1%54.1%

Price Volatility Vs. Market

How volatile is Vince Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Vince Holding undervalued compared to its fair value and its price relative to the market?

64.09x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VNCE ($14.6) is trading above our estimate of fair value ($1.82)

Significantly Below Fair Value: VNCE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: VNCE is poor value based on its PE Ratio (64.1x) compared to the Luxury industry average (18.1x).

PE vs Market: VNCE is poor value based on its PE Ratio (64.1x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VNCE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VNCE is overvalued based on its PB Ratio (2.2x) compared to the US Luxury industry average (1.2x).


Next Steps

Future Growth

How is Vince Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

24.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if VNCE's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if VNCE's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: VNCE's revenue (24.4% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: VNCE's revenue (24.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if VNCE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Vince Holding performed over the past 5 years?

-3.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VNCE has a large one-off loss of $2.4M impacting its November 2 2019 financial results.

Growing Profit Margin: VNCE's current net profit margins (0.9%) are lower than last year (26%).


Past Earnings Growth Analysis

Earnings Trend: VNCE has become profitable over the past 5 years, growing earnings by -3.6% per year.

Accelerating Growth: VNCE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: VNCE had negative earnings growth (-96.3%) over the past year, making it difficult to compare to the Luxury industry average (3.5%).


Return on Equity

High ROE: VNCE's Return on Equity (3.5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Vince Holding's financial position?


Financial Position Analysis

Short Term Liabilities: VNCE's short term assets ($98.7M) exceed its short term liabilities ($66.3M).

Long Term Liabilities: VNCE's short term assets ($98.7M) do not cover its long term liabilities ($181.9M).


Debt to Equity History and Analysis

Debt Level: VNCE's debt to equity ratio (60.3%) is considered high.

Reducing Debt: VNCE's debt to equity ratio has reduced from 199.8% to 60.3% over the past 5 years.


Balance Sheet

Inventory Level: VNCE has a high level of physical assets or inventory.

Debt Coverage by Assets: VNCE's debt is covered by short term assets (assets are 2.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: VNCE is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: VNCE is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

What is Vince Holding's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate VNCE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate VNCE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if VNCE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VNCE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VNCE's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Brendan Hoffman (50yo)

4.3yrs

Tenure

US$2,777,746

Compensation

Mr. Brendan L. Hoffman has been Chief Executive Officer at Vince Holding Corp. since October 2015. Mr. Hoffman served as the Chief Executive Officer and President of Bon-Ton Stores Inc. from February 7, 20 ...


CEO Compensation Analysis

Compensation vs Market: Brendan's total compensation ($USD2.78M) is above average for companies of similar size in the US market ($USD1.11M).

Compensation vs Earnings: Brendan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Brendan Hoffman
CEO & Director4.3yrsUS$2.78m0.35% $593.0k
David Stefko
Executive VP & CFO4.4yrsUS$1.61m0.18% $309.5k
Marie Fogel
Senior Vice President of Merchandising1.1yrsUS$1.11mno data
Mark Engebretson
Executive Vice President of Operations3.5yrsUS$884.05k0.26% $439.3k
Amy Levy
Vice President of Investor Relations0yrsno datano data
Akiko Okuma
VP, General Counsel & Secretary0yrsno datano data
Caroline Belhumeur
Senior VP & Creative Director2.8yrsno datano data

3.5yrs

Average Tenure

59.5yo

Average Age

Experienced Management: VNCE's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Brendan Hoffman
CEO & Director4.3yrsUS$2.78m0.35% $593.0k
Marc Leder
Chairman of The Board4.7yrsno datano data
Matthew Garff
Director0.8yrsno datano data
Eugenia Ulasewicz
Independent Director5.8yrsUS$159.55k0.059% $100.5k
Michael Mardy
Independent Director1.8yrsno data0.025% $42.6k
Jerome Griffith
Independent Director6.3yrsUS$154.32k0.17% $290.3k
Robin Kramer
Director0.4yrsno datano data

4.3yrs

Average Tenure

58.5yo

Average Age

Experienced Board: VNCE's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: VNCE insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Vince Holding Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Vince Holding Corp.
  • Ticker: VNCE
  • Exchange: NYSE
  • Founded: 2002
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: US$170.527m
  • Shares outstanding: 11.68m
  • Website: https://www.vince.com

Number of Employees


Location

  • Vince Holding Corp.
  • 500 5th Avenue
  • 20th Floor
  • New York
  • New York
  • 10110
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VNCENYSE (New York Stock Exchange)YesCommon StockUSUSDNov 2013
VNC1DB (Deutsche Boerse AG)YesCommon StockDEEURNov 2013

Biography

Vince Holding Corp. designs, merchandises, and sells luxury apparel and accessories in the United States and internationally. The company operates in two segments, Wholesale and Direct-To-Consumer. It offers a range of women’s products, such as cashmere sweaters, silk blouses, leather and suede leggings and jackets, dresses, skirts, denims, pants, T-shirts, handbags, footwear, and outerwear; and men’s products comprising T-shirts, knit and woven tops, sweaters, denim, pants, blazers, footwear, and outerwear under the Vince brand. The company sells its products directly to consumers through its branded specialty retail stores and outlet stores, as well as through its vince.com e-commerce platform; and to wholesale department stores and specialty stores. As of February 2, 2019, it operated 59 stores, including 45 company-operated full-price retail stores and 14 company-operated outlets. The company was formerly known as Apparel Holding Corp. and changed its name to Vince Holding Corp. in November 2013. Vince Holding Corp. was founded in 2002 and is based in New York, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 01:29
End of Day Share Price2020/02/20 00:00
Earnings2019/11/02
Annual Earnings2019/02/02


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.